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i'm host jon scott. fox news watch is on right now. now. >> defaulting on our obligations is a reckless and irresponsibility outcome for this debate and the republican leaders say that they agree we must avoid default. but the new approach that speaker boehner unveiled today which would temporarily extend the debt ceiling in exchange for spending cuts would force us to once again face the threat of default just six months from now. in other words, it doesn't solve the problem. >> president obama in a prime time address monday night. that was a speech to the nation, usually, judy, when the president makes a prime time address, there is news to be made. you want to tell us that maybe, osama bin laden has been killed or something like that. was there any news? >> no, even chris mathews and joe scarboro on msnbc were noting, oh, by gosh, this was a scold lecture, saying something other than no, but the republicans were doing the same thing in all fairness. >> here is what michael gerson wrote in the washington post, a pelel address to the
i'm host jon scott. fox news watch is on right now. now. >> defaulting on our obligations is a reckless and irresponsibility outcome for this debate and the republican leaders say that they agree we must avoid default. but the new approach that speaker boehner unveiled today which would temporarily extend the debt ceiling in exchange for spending cuts would force us to once again face the threat of default just six months from now. in other words, it doesn't solve the problem. >>...
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my name's jon forsythe, and i sea fd differently. excuse me? my grandfather was born in this village. [ automated voice speaks foreign language ] [ male announcer ] in here, everyone speaks the same language. ♪ in here, forklifts drive themselves. no, he doesn't have it. yeah, we'll look on that. [ male announcer ] in here, friends leave you messages written in the air. that's it right there. [ male announcer ] it's the at&t network. and what's possible in here is almost impossible to say. >> the deadlock in washington left the financial markets in turmoil with stocks posting their single worst week in a year the dow jones industrial average down about 4% last week, losing more than 500 points in the face of unprecedented and potentially sd disastrous government shutdown or default. even if lawmakers strike a deal by the tuesday deadline the u.s. could lose the coveted triple-a credit rating still. neil cavuto is here with us, your world, on the fox news channel and fox business network, and working all day and night. i've been watching this
my name's jon forsythe, and i sea fd differently. excuse me? my grandfather was born in this village. [ automated voice speaks foreign language ] [ male announcer ] in here, everyone speaks the same language. ♪ in here, forklifts drive themselves. no, he doesn't have it. yeah, we'll look on that. [ male announcer ] in here, friends leave you messages written in the air. that's it right there. [ male announcer ] it's the at&t network. and what's possible in here is almost impossible to...
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my name's jon forsythe, and i sea fd differently. i wouldn't bring it in. purina cat chow helps you well-being. we're all striving for it. nurture it in your cat with a full family of excellent nutrition and helpful resources. purina cat chow. share a better life.
my name's jon forsythe, and i sea fd differently. i wouldn't bring it in. purina cat chow helps you well-being. we're all striving for it. nurture it in your cat with a full family of excellent nutrition and helpful resources. purina cat chow. share a better life.
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my name's jon forsythe, and i sea fd differently. >> shannon: well, after about an hour and a half of work today the senate is now officially in recess but subject to call back. this after senator harry reid's proposed debt bill that he thought would be the best solution failed to get the votes it needed to get to an actual vote. that was expected. that is done now. the senate remains in recess. our next guest is a democrat who says his party has actually put something on the table and did so months ago. the bill a proposal to raise the debt limit failed after a house vote in may. what does he think about what is going on now. congressman garamendi, thanks for coming in. did you have any hope that it would get any further and that? >> we wanted to make a statement as everybody is making their own statement. one statement after another here. we wanted to follow the long h history of america, 74 times there was a clean debt move. the president wanted to do that. but we really have been faced with a manufactured crisis. one that didn't have to occur but it was manufactured, put together
my name's jon forsythe, and i sea fd differently. >> shannon: well, after about an hour and a half of work today the senate is now officially in recess but subject to call back. this after senator harry reid's proposed debt bill that he thought would be the best solution failed to get the votes it needed to get to an actual vote. that was expected. that is done now. the senate remains in recess. our next guest is a democrat who says his party has actually put something on the table and...
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. >> i'm jon scott. mike emanuel has the latest developments in a moment. plus we get answers when i talk exclusively to congressman david dreier about why he introduced a carbon copy of the harry reid bill to the bill today. also the co-aah tore of cut, cap and balance. and charlie gasparino. we are live from new york in a special moment as we watch the unfolding of the debt crisis deal. the deficits presence between campaigning and governing is simple. you frame the entire message. you drive the points that you think are important. and you ignore things that you either don't care about or that, frankly, you don't understand. if the result of the campaign is that you are elected then you have to shift gears to governing mode and that is as big a shift as killing a deer in the woods and then having to cook it in the kitchen. the tools that you use to kill the deer are different than the ones you use to cook it and serve it. or at least they better be. we have folks that successfully campaigned but don't seem to have made the transition from the woods to the
. >> i'm jon scott. mike emanuel has the latest developments in a moment. plus we get answers when i talk exclusively to congressman david dreier about why he introduced a carbon copy of the harry reid bill to the bill today. also the co-aah tore of cut, cap and balance. and charlie gasparino. we are live from new york in a special moment as we watch the unfolding of the debt crisis deal. the deficits presence between campaigning and governing is simple. you frame the entire message. you...
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my name's jon forsythe, and i sea fd differently. >> gregg: welcome back. freedom could be under way on two people locked up in iran. their release could come by the end of this week. they were arrested after crossing into iran from iraq. today the last session and case carries the possibility of execution. lauren green has more. >> it was hoped the two american hikers would be free men today but an iranian court will announce the fate until later this week. in a statement released to the media the family said we pray the iranian authorities will show compassion to shane and josh and we ask everyone that cares for them is beseeching the grace of god at this time. >>> they were arrested two years ago to the date as they hiked in the region of iraq near the iranian border. they were changed on charges of espionage which they deny. sara shourd was released a year ago for medical reasons on $500,000 bail and will not go back to stand trial. on friday, family and friends rallied in new york ahead of today's trial. they have declared this week a week of action an
my name's jon forsythe, and i sea fd differently. >> gregg: welcome back. freedom could be under way on two people locked up in iran. their release could come by the end of this week. they were arrested after crossing into iran from iraq. today the last session and case carries the possibility of execution. lauren green has more. >> it was hoped the two american hikers would be free men today but an iranian court will announce the fate until later this week. in a statement released...
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when you have republican leaders like jon kyl the arizona senator on fox news sunday, look, this is not going to end up with any major tax changes, tax rates are not going up, saying that. it's making people on the left feel like this is pre-cooked and it's going to be a lot of spending cuts and no real tax changes. as you know, the beginning of this week, we started last monday, president obama's whole message this was going to be a balanced approach, taxes as well as spending cuts. >> neil: i do know this, since you arrived at fox, we have a constitutional crisis, financial crisis but thank you very much. [ laughter ] >> neil: great reporting throughout. ed henry. >> we've been takes about election among progressive caucus members. they are pretty much against the deal right now. we don't know the deal as it stands right now but there is some factions on the right, some tea party members also having concerns about a compromise they could be maybe overcompromise. we start with congresswoman republican from the state of washington. key parts in this whole debate, right hand, if you will
when you have republican leaders like jon kyl the arizona senator on fox news sunday, look, this is not going to end up with any major tax changes, tax rates are not going up, saying that. it's making people on the left feel like this is pre-cooked and it's going to be a lot of spending cuts and no real tax changes. as you know, the beginning of this week, we started last monday, president obama's whole message this was going to be a balanced approach, taxes as well as spending cuts. >>...
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my name's jon forsythe, and i sea food differently. excuse me? my grandfather was born in this village. [ automated voice speaks foreign language ] [ male announcer ] in here, everyone speaks the same language. ♪ in here, forklifts drive themselves. no, he doesn't have it. yeah, we'll look on that. [ male announcer ] in here, friends leave you messages written in the air. that's it right there. [ male announcer ] it's the at&t network. and what's possible in here is almost impossible to say. >>> we're 19 minutes past the hour. we're keeping an eye on that clock right now and it continues to tick down. we're less than two days away now from the day that the u.s. might not be able to pay all of its bills and a possible default. that will be the first time in u.s. history that the u.s. defaulted on his obligations. they are under way. harry reid says there is still a chance, a distance, if you will, a distance that is to be reached here. the senate is set to meet at 12:00, with a vote at 1:00 eastern time. one thing you have heard over and over an
my name's jon forsythe, and i sea food differently. excuse me? my grandfather was born in this village. [ automated voice speaks foreign language ] [ male announcer ] in here, everyone speaks the same language. ♪ in here, forklifts drive themselves. no, he doesn't have it. yeah, we'll look on that. [ male announcer ] in here, friends leave you messages written in the air. that's it right there. [ male announcer ] it's the at&t network. and what's possible in here is almost impossible to...
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jon kyl rarely does anything by mistake, the republican of arizona, number two in the senate. he rarely ever utters a word by mistake. but accident. so i think that was pretty telling. it would be easy enough for them to extent the debt limit for a couple of days to buy them some time. they have always said they would do it if they knew they were close to a deal coming together. >> jenna: so what does this look like? being that you have been able to walk the halls there in congress, and see what the work is like being done. so what is actually happening behind closed doors right now? are they writing up a bill? is something starting from scratch? are they amending something already out there? what needs to be done before it could even start its way through congress, whatever path that is? >> remember, they have been doing this in one shape or another for almost a year now, believe it or not. they have a menu, what aides will describe often as a menu of options. and there is nothing that is really going to come out of the blue. so what they have to do now is put a really delica
jon kyl rarely does anything by mistake, the republican of arizona, number two in the senate. he rarely ever utters a word by mistake. but accident. so i think that was pretty telling. it would be easy enough for them to extent the debt limit for a couple of days to buy them some time. they have always said they would do it if they knew they were close to a deal coming together. >> jenna: so what does this look like? being that you have been able to walk the halls there in congress, and...
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jon huntsman is for any deal. the rest of them are ducking or we say in the obama era leading from behind. i think the republican primary voters would welcome a ryan-rubio ticket. >> bret: thanks, panel. we'll see you next week. don't forget to check out panel plus where the group picks up with this discussion and that discussion on the website, foxnewssunday.com. we'll post the video before noon eastern time. up next, the week that was in the great debt divide. you could save a bundle with geico's multi-policy discount. geico, saving people money on more than just car insurance. ♪ geico, saving people money on more than just car insurance. >> bret: there were primetime addresses, dueling news conferences an fiery floor speeches in the house and the senate. all in all, there was plenty to talk about in this week in the great debt divide. ♪ ♪ >> the american people may have voted for divided government. but they didn't vote for a dysfunctional government. >> the president has often said we need a balanced app
jon huntsman is for any deal. the rest of them are ducking or we say in the obama era leading from behind. i think the republican primary voters would welcome a ryan-rubio ticket. >> bret: thanks, panel. we'll see you next week. don't forget to check out panel plus where the group picks up with this discussion and that discussion on the website, foxnewssunday.com. we'll post the video before noon eastern time. up next, the week that was in the great debt divide. you could save a bundle...
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my name's jon forsythe, and i sea food differently. agents, these crustaceans are like gold to a restaurant owner. so? water damage can spell disaster for a small business. and restaurants have over 4 million slip and falls every year. that's why we work with our clients and help them find coverage for stuff like this. oh! hey, what are you going to do with these guys? we'll release them into the wild so they can live long, fulfilling lives. aw, really? no. [ male announcer ] we are insurance. ♪ we are farmers ♪ bum, ba-da-bum, bum, bum, bum ♪ i understand you need a little help with your mortgage, want to avoid foreclosure. candy? um-- well, you know, you're in luck. we're experts in this sort of thing, mortgage rigamarole, whatnot. why don't we get a contract? who wants a contract? [honks horn] [circus music plays] here you go, pete. thanks, betty. betty: we're out of toner. announcer: if you're facing foreclosure, talk to the right people. speak with hud-approved housing counselors free of charge at... >>> this is samantha's s
my name's jon forsythe, and i sea food differently. agents, these crustaceans are like gold to a restaurant owner. so? water damage can spell disaster for a small business. and restaurants have over 4 million slip and falls every year. that's why we work with our clients and help them find coverage for stuff like this. oh! hey, what are you going to do with these guys? we'll release them into the wild so they can live long, fulfilling lives. aw, really? no. [ male announcer ] we are insurance....
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i'm the senate republican whip jon kyl of arizona. by now, but americans the lawmakers are engaged in a difficult debate about the debt ceiling, the legal limit to the amount of money the federal government can borrow. the debt ceiling is currently set at a little more than $14 trillion and if the congress and the president don't reach an agreement to raise it by tuesday, the treasury secretary tells us america will no longer be able to pay its bills. the consequences of missing this deadline could be severe. it is precisely because of washington barrault's so much money, more than 40 cents out of every dollar spent. spending would have to shrink by 40% quickly. what is more, markets would likely respond, dropping in value and hurting their retirement savings of millions of americans. republicans have tried to work with democrats to avoid this result and put our country on a better path, but we need them to work with us. we start from the understanding that the reason the debt ceiling is a problem is because of runaway washington spen
i'm the senate republican whip jon kyl of arizona. by now, but americans the lawmakers are engaged in a difficult debate about the debt ceiling, the legal limit to the amount of money the federal government can borrow. the debt ceiling is currently set at a little more than $14 trillion and if the congress and the president don't reach an agreement to raise it by tuesday, the treasury secretary tells us america will no longer be able to pay its bills. the consequences of missing this deadline...